Wednesday, December 19. 2018

On December 18th, the SEC adopted final rules to require companies to disclose hedging practices or policies in any proxy statement or information statement relating to the election of directors. These disclosures involve any practices or policies regarding the ability of employees or directors to engage in certain hedging transactions with respect to company equity securities. The rules implement Section 14(j) of the Securities Exchange Act of 1934, which was enacted by Section 955 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Monday, December 17. 2018

Version 4.25a of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR Release 18.4 - Phase 1. It contains support for new Form ATS-N as well as a number of corrections and improvements to Form N-CEN View. Additionally, simple HTML proofing is now available for the N-PORT forms.
Continue reading "New Release (4.25a) for the GoFiler Family of..." »

On December 17, 2018, EDGAR Release 18.4 - Phase 1 was released by the Securities and Exchange Commission. This release contains new Form ATS-N and changes were made to a number of other EDGAR forms to remove fields that ask for personally identifying information. Additional updates were also made to some Regulation A forms and to the EDGAR filer manuals.

Friday, December 14. 2018

For this week’s blog post we are going to start creating a script that will allow users to create a bulk filing for submission to EDGAR. In order to accomplish this we are going to split the blog into three parts: interface, project file processing, and finally the submission creation. Since this is the first blog in the series we are going to start with the interface.

Last month, XBRL US introduced a free application program interface (API) standard as a Proposed Release. The API is designed to help programmers create, extract, and analyze XBRL formatted data. It is meant to be a standard that acts as a software intermediary, allowing applications to communicate with one another. Investors and analysts alike can use the XBRL API to gain access to and manipulate XBRL data, both historical data and data that is up-to-date. The API will work with any XBRL database or taxonomy.

Monday, December 10. 2018

On November 30th, the SEC adopted rules and amendments designed to promote research on mutual funds, exchange-traded funds, business development companies, and similar covered investment funds. The SEC enacted these changes in accordance with the mandate in the Fair Access to Investment Research (FAIR) Act of 2017. The new rules will reduce obstacles in providing fund research by harmonizing its treatment with other research on public companies and generally establish a safe harbor for a broker or dealer to publish and/or distribute research reports on investment funds under certain conditions.

Friday, December 07. 2018

Well, may be. When the house of cards you are in begins to fall, wouldn’t it be nice to grab Fluffy the cat, your wallet, phone, and perhaps the car keys? Sometimes a program engages in operations that just cannot be casually aborted without an orderly shutdown. Within Legato, there is a function that help you to just that. This can even apply when a run-time error occurs within your script.

Thursday, December 06. 2018

The SEC published a list of rules that it will review in compliance with Section 610 of the Regulatory Flexibility Act (RFA). This is to inform the public that this set of rules is scheduled for review and to invite public comment concerning if these rules should be continued without change, should be amended, or should be rescinded to minimize any significant economic impact of the rules upon a substantial number of small reporting entities.

Tuesday, December 04. 2018

The EDGAR system will be closed Wednesday, December 5 in observance of a national day of mourning for former President George H.W. Bush. The EDGAR System will not receive, process or accept filings on this day. The EDGAR Filing Website will not be operational and Filer Support will not be open.

Monday, December 03. 2018

The SEC’s Division of Economic and Risk Analysis (DERA) recently analyzed XBRL exhibits submitted by issuers complying with the 2009 Interactive Data rules to file financial statement information in an XBRL format. The purpose of the analysis was to determine if IFRS (International Financial Reporting Standards) filers were being consistent with their use of custom tags with US-GAAP (US Generally Accepted Accounting Principles) filers during this first year of required XBRL filings.

Friday, November 30. 2018

EDGAR 18.3 was released on October 1st, 2018, and while most of its features are clearly documented, one change that was made seems to have flown under the radar of most people. Starting with this version, all facts created with elements of data type StringItemType are no longer rendered as HTML. Instead they are rendered as plain old strings. While this makes sense (and does close some potential security risks on the SEC’s side), it does effect how people are doing XBRL. For example, most people doing Risk Return taxonomy filings use <B> tags to make their heading items bold. This is no longer possible, because it would come out rendered like:

Wednesday, November 28. 2018

On November 2nd, the SEC voted to adopt amendments that will require broker-dealers to disclose new and enhanced information about the way they handle investors’ orders. The rule amendment is intended to make it easier for investors to evaluate how brokers handle their orders and ultimately make more informed choices about the brokers with whom they do business.

Wednesday, November 21. 2018

The SEC will be closed Thursday, November 22 in observance of Thanksgiving Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 22 will be due the following business day.

Monday, November 19. 2018

Version 4.24b of all applications in the GoFiler Suite has been released. This release contains a number of corrections and improvements to the XBRL View and to various EDGAR form views. Additionally, simple HTML proofing is now available as a beta feature for the N-PORT forms.